What would be the amount appearing on the December 31, 2018 consolidated statement of financial position for trademarks?

Name: What would be the amount appearing on the December 31, 2018 consolidated statement of financial position for trademarks?
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Quizplus · Accepted Answer

The consolidated statement of financial position would include the trademarks of both companies, which have a carrying amount of $200,000 for Company A and $40,000 for Company B. Therefore, the total amount appearing on the statement would be $240,000.

What Would Be the Amount Appearing on the December 31